K92 Mining Inc. is pleased to announce the promotions of David Medilek to the position of President & Chief Operating Officer and Chris Kinver to the position of Vice President Projects & Engineering. Mr. Medilek is a mining professional with over 16 years of mining capital markets, corporate strategy and technical operating experience. Mr. Med...

Prime Minister Hon. James Marape expressed his satisfaction recently at the signing of a groundbreaking agreement between Chinese company Ramu Nico Management Ltd and Kumul Minerals Holdings Ltd. The Memorandum of Understanding (MOU) signifies a significant step forward in fostering mutual trust and cooperation between China and Papua New Guinea, particul...

Ok Tedi Mining Limited (OTML) announced a final dividend payment of PGK350 Million to its shareholders on 28th December 2023, bringing the total dividend to K450 Million for the year. The Company had declared an initial interim dividend payment of PGK100 Million on 26th October citing a positive outlook for a final dividend payment in December 2023. ...

The National Government is taking strategic measures to address the depleting mineral resource inventories and decline in mineral exploration. Mining Minister Hon Sir Ano Pala told the 17th PNG Resources & Energy Investment Conference in Sydney Australia, that major operating gold and copper mines in the country would potentially reach the end of t...

Mining Minister Hon Sir Ano Pala recently presented the country’s mineral production outlook to a room packed with PNG and overseas delegates from government and private sectors, attending the 17th PNG Resources & Energy Investment Conference in Sydney. Minister Pala said PNG expected a strong total annual copper production for a period of over 30 ...

Prime Minister Hon. James Marape has welcomed the reopening of Porgera Mine, which is set to officially restart under SML 13 on 22 December 2023 with New Porgera Limited (NPL) expecting its first gold in the First Quarter of 2024. Prime Minister Marape said New Porgera examplifies a new direction in the handling of negotiations with mining companies fo...

Ok Tedi Mining Limited projects over K30 billion (US$8.0 billion) in Social Benefits, which includes taxes, royalties, and dividend payments, over the next 27 years. This is based on the company’s current Strategic Business Plan which includes Life of Mine (LOM) extension to 2050, ushering in significant sustainable development for mine operation impac...

New Porgera Limited (NPL) is pleased to announce that all legal and contractual conditions necessary for the reopening of Porgera Mine have now been met and the mine is set to officially restart operations on December 22, 2023. With the ramp up of operations, first gold is expected to be poured in the first quarter of 2024. As Prime Minister Marape not...

Freeport Resources Inc. is pleased to announce Papua New Guinea’s Minister for Mining, the Honorable Sir Ano Pala, has approved the renewal of the Yandera Copper Project’s Exploration License 1335 (“EL”) through November 19, 2023, in accordance with the regulatory processes prescribed by the Papua New Guinea (“PNG”) Mining Act. “We are pleased to have ...

PanAust’s Papua New Guinea Country Manager, Joel Hamago, recently attended the opening of Paupe Village Clinic’s new maternity ward. Located near the Frieda River base camp in Papua New Guinea, the maternity ward provides a safe and supportive environment for expectant mothers from the East and West Sepik Region.  Its opening is a result of an ongoing ...

New Porgera Limited (NPL) welcomes the passing of the Mining (New Porgera) (Amendment) Act 2023 by the National Parliament on 29 November 2023 which paves the way for the mine to reopen this year. Since the grant of SML13 on 13 October 2023, representatives of NPL have spent the last six weeks at Porgera and Tari holding face-to-face meetings with over...

Prime Minister Hon. James Marape said that the Government is expected to make a major announcement concerning the Wafi-Golpu Mine project in Morobe. This eagerly awaited announcement is set to take place during the forthcoming PNG Mining and Petroleum Conference scheduled for next month in Sydney, Australia. The Prime Minister said this during a press ...

Prime Minister Hon. James Marape has officially welcomed Newmont Corporation, the world's leading gold company, into Papua New Guinea. He made the welcome, Monday, November 6, 2023, during a joint press conference with Mr. Peter Toth, Chief Development Officer of Newmont, marking the company's acquisition of all Newcrest operations in PNG. Prime Minist...

Historic Mining-Industry Acquisition Sets the Standard for Gold and Copper Mining Newmont Corporation has announced it has completed the acquisition of Newcrest Mining Limited to create the world’s leading gold company with robust copper production. “Today marks a historic milestone in our company and the industry with the successful completion of t...

Mayur Resources Limited is pleased to announce the execution of an Investment Agreement with Vision Blue Resources, led by Sir Mick Davis, for a proposed investment of US$40 million for a 49% equity share (the Proposed Investment) in Mayur’s Central Lime Project (CLP). The execution of this long form Investment Agreement formalises the Term Sheet annou...

A leadership delegation from the owners of the Frieda River Copper-Gold Project met with senior executives from PNG’s Mineral Resources Authority (MRA) and the Conservation Environment Protection Authority (CEPA) to discuss the permitting of the project and the best practice environmental standards the project is committed to delivering. Operated by Pa...